It'd be economic disaster: JPMorgan CEO on Trump's credit card cap

JPMorgan CEO Jamie Dimon said US President Donald Trump's proposed 10% cap on credit card interest rates would be an "economic disaster". Speaking at the World Economic Forum, he said, "In the worst case, you'd have a drastic reduction of the credit card business." "It would remove credit from 80% of Americans, and that is their backup credit," he added.